Investors Sell Shares of Verizon Communications (VZ) on Strength (VZ)

Investors sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading on Monday. $109.20 million flowed into the stock on the tick-up and $192.47 million flowed out of the stock on the tick-down, for a money net flow of $83.27 million out of the stock. Of all stocks tracked, Verizon Communications had the 29th highest net out-flow for the day. Verizon Communications traded up $0.78 for the day and closed at $47.07

A number of brokerages have weighed in on VZ. KeyCorp increased their target price on shares of Verizon Communications from $50.00 to $53.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. SunTrust Banks increased their target price on shares of Verizon Communications to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Macquarie reiterated a “hold” rating and set a $54.00 target price on shares of Verizon Communications in a research report on Wednesday, January 24th. Nomura increased their target price on shares of Verizon Communications from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Bank of America increased their target price on shares of Verizon Communications from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $53.66.

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The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $191,083.45, a PE ratio of 6.40, a P/E/G ratio of 1.88 and a beta of 0.68.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Verizon Communications had a net margin of 23.88% and a return on equity of 48.97%. The firm had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same quarter last year, the business posted $0.86 earnings per share. Verizon Communications’s revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Verizon Communications Inc. will post 4.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Monday, April 9th. Verizon Communications’s dividend payout ratio is currently 32.07%.

In related news, SVP Anthony T. Skiadas sold 6,967 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the sale, the senior vice president now directly owns 16,059 shares of the company’s stock, valued at $799,738.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in VZ. Caxton Associates LP purchased a new position in shares of Verizon Communications during the second quarter worth approximately $607,000. E&G Advisors LP raised its stake in shares of Verizon Communications by 18.2% during the third quarter. E&G Advisors LP now owns 24,735 shares of the cell phone carrier’s stock worth $1,224,000 after acquiring an additional 3,803 shares in the last quarter. Cutler Investment Counsel LLC raised its stake in shares of Verizon Communications by 1.4% during the second quarter. Cutler Investment Counsel LLC now owns 154,181 shares of the cell phone carrier’s stock worth $6,886,000 after acquiring an additional 2,121 shares in the last quarter. Stokes & Hubbell Capital Management LLC raised its stake in shares of Verizon Communications by 32.2% during the third quarter. Stokes & Hubbell Capital Management LLC now owns 84,508 shares of the cell phone carrier’s stock worth $4,182,000 after acquiring an additional 20,561 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Verizon Communications by 3.4% during the third quarter. KBC Group NV now owns 744,116 shares of the cell phone carrier’s stock worth $36,826,000 after acquiring an additional 24,460 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

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Verizon Communications Company Profile

Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.

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